Robinhood to Allow Crypto Deposits and Withdrawals
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Main page News, Cryptocurrency
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Feb. 18, 2021

US online broker Robinhood, which in late January grabbed all headlines for restricting crypto trading on its app at a time of great movement in the market, has just announced through its official Twitter account its users will soon be able to make cryptocurrency deposits and withdrawals.

According to the announcement, Dogecoin, which has recently received great interest from users due to the continuous mentions of the coin by Elon Musk, will also be able to be deposited and withdrawn from the platform.

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However, it should be noted it is currently unknown when this new feature is expected to be available to users. Until now, users could only buy and sell cryptocurrencies in the app, so the ability to withdraw cryptocurrencies and make deposits will make trading much easier for them.

Interestingly, Bloomberg had reported shortly before Robinhood owns the largest Dogecoin wallet. However, the trading app has denied that it invests in cryptocurrencies or uses any cryptocurrencies of customers for its own benefit.

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